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Current Affairs Updates - 27 & 28 January 2018

Current Affairs Updates - 27 & 28 January 2018

We, the Achieversrule team have brought to you some important Daily Current Affairs Updates for 27th and 28th January, 2018. These are some of the sorted news and are very important for all the upcoming examinations of Bank, SSC, Railway. Please go through the Oneliners and Current Affairs GK Quiz for better performance.

Important Days

The Country celebrates its 69th Republic Day on 26th January in Rajpath, New Delhi.

India celebrates its 69th Republic Day with a grand parade watched by thousands of people along with 10 Asean leaders, who attended the event as chief guests.

First in India & World

Kolkata has become the first Indian Metro to get a Floating Market at patuli.

The aim is to rehabilitate over 200 shopkeepers from a nearby market that was demolished for the widening of the Eastern Metropolitan Bypass. The market will host at least 114 boats, each one accommodating two shops.

He is the third Ashok Chakra for the IAF and its first for ground combat. Other two IAF officers are Rakesh Sharma (first and still only Indian citizen to go to space) and Flying Officer Nirmaljit Singh Sekhon posthumously decorated with the Param Vir Chakra in 1972.

Banking, Economic & Financial Affairs

The Centre would now allow small finance banks and payment banks to offer the Atal Pension Yojana (APY), which is expected to significantly increase the coverage of the scheme.

“To strengthen the existing channels of APY distribution, it is felt that these new payments banks and small finance banks will provide a boost to the outreach of subscribers under APY,” the Ministry of Finance said in a statement.

Rankings & Indexes

According to the global hunger index report, released by Washington-based International Food Policy Research Institute (IFPRI), India ranks 100 among 119 developing countries.

Data from the report showed that India’s rank (100) was lower than all its neighbours—Nepal (72), Myanmar (77), Bangladesh (88), Sri Lanka (84) and China (29)—except Pakistan (106). Even North Korea (93) and Iraq (78) fared better in hunger parameters and GHI rankings, the report.

International Affairs

The World Economic Forum (WEF), launches Global Centre for Cybersecurity.

“Cybersecurity has been the most pressing issue of our times. We badly need a platform to ward off cyber criminals. The centre will help bring all the stakeholders together in achieving that,” Alois Zwinggi, Managing Director, WEF, said during a panel discussion here.

China has decided to set up three international courts to deal with disputes related to its multi-billion dollar Belt and Road Initiative (BRI), under which it is making massive investments

The Chinese Supreme People's Court will set up international courts in Beijing, Xi'an, the capital of Shaanxi Province and Shenzhen, state run Global Times reported.

Science & Technology

The Rotavac vaccine, developed by the Hyderabad-based Bharat Biotech Limited last year, was included in India’s national immunisation programme.

While several vaccines from India have been pre-qualified, this is the first that was entirely developed locally and, according to experts, is a sign that there is a credible industrial, scientific and regulatory process in place to develop vaccines in India.

Defence & Railway News

Alpha Design Technologies Ltd. has signed Rs. 45-crore deal with Ministry of Defence to supply indigenous simulators for gunnery and missile firing from BMP II vehicles to Indian Army.

The BMP II is a Soviet-origin amphibious infantry fighting vehicle. The simulators will be used to train missile firing personnel.

Schemes / Programme

Punjab chief minister launched the release of benefits under 'Mahatma Gandhi Sarbat Vikas Yojana' aimed at the inclusive growth of the distressed sections of the society.

He appealed to the state's debt-ridden farmers not to commit suicide since his government was committed to the total implementation of its farm debt waiver scheme by November 2018.

India-Japan Smart Grid Pilot Project was inaugurated Panipat, Haryana to solve the various complications faced by the power distribution sector.

The project aims to make electricity distribution network smarter and disseminate Japanese technologies in India.

Agreements/ MoUs Signed

India and Cambodia signed four Memoranda of Understanding in areas, including deepening cooperation in culture and preventing human trafficking.

The MoUs were signed after delegation-level talks between Prime Minister Narendra Modi and his Cambodian counterpart Hun Sen in New Delhi.

In keeping with New Delhi's Act East Policy which has Southeast Asia as its central focus, India and Cambodia agreed to enhance maritime cooperation while deciding to combat the menace of terrorism together following delegation-level between Prime Minister Narendra Modi and his Cambodian counterpart.

India and Vietnam released first ever set of commemorative postage stamps to mark the long term friendly bilateral relationships between the two countries.

The first ever joint issue of commemorative postage stamps between India and Vietnam on the theme of ancient architecture is a symbol of strong friendship between the two countries.

Summit /Conference / Events

21st edition of India International Seafood Show opens in Goa

Stakeholders from across the Indian seafood industry have voiced their optimism about marine products exports achieving a milestone Rs 50,000 cr target in the next few years given the current growth curve and strides made in aquaculture production, as the 21st edition of the biennial India International Seafood Show opened in Margao in South Goa on Saturday.

After stunning victories against New Zealand (3-2) and Belgium (5-4), India overcame Japanese challenge with late strikes from Mandeep Singh (58th minute) and Ramandeep Singh (58th).

Awards & Honours: Miscellaneous

Ghaziabad-based Institute of Management and Technology (IMT) has been selected as one of the champions of the United Nations’ initiative on Principles for Responsible Management Education (PRME).

PRME Champions Group comprises a group of B-Schools engaged as PRME signatories from across the world, committed to making broad-scale implementation of sustainability principles a reality, the release added.